Masonry Construction Group paid $6,000 for a plant asset that had a market value of $9,500. At which of the following amounts should the plant asset be recorded?

A. $6,000

B.$12,000

C.$9,500

D.$ 3.000

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On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $40,000,000. Tyson's management expects to use the machine for 30,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $46,000.The machine was used for 4,000 hours in 2018 and 5,100 hours in 2019. What is the depreciation expense for 2018 if the corporation uses the unitsminusofminusproduction method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

A.$13,333,333

B.$5,327,200

C.$5,333,320

D.$ 6,792,180

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On January 1, 2018, Sanderson, Inc. acquired a machine for $1,080,000.The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be $69,000. What is the book value of the machine at the end of 2019 if the company uses the straightminusline method of depreciation?

A. $675,600

B. $606,600

C. $647,996

D.$ 648,000

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Motor Sales sold its old office furniture for $7,000. The original cost was $19,000,and at the time of sale, accumulated depreciation was $16,000.What is the effect of this transaction?

A.loss of $4,000

B. loss of $7,000

C.gain of $7,000

D. gain of $ 4,000